US SECOND QUARTER RATE OF PROFIT HOLDS UP DESPITE A RISING RATE OF INTEREST AND A FALLING RATE OF SURPLUS VALUE.

In this interesting article, albeit from a right-wing website, the US is in technical recession when using the blended GDP-GDI derived estimate. Also note that in the article this blended metric accurately predicted the 9 previous recessions it was applied to. https://mishtalk.com/economics/philadelphia-fed-gdpplus-measure-sure-looks-like-recession-started-in-2022-q4/

Finally, a number of recent articles are describing the damage being done to US Tech companies such as LAM as China embarks on an accelerated path of import substitution, making it debatable whether these companies can maintain their R&D effort given the reduction in their revenue from the loss of the Chinese market.